Friday, March 29, 2019

Income from Kalyanamandapams built by trust to be considered as income from house property: ITAT

IT: Property (i.e. Kalyanamandapams) built by assessee society from its income, subsequent to its formation, on land, which was part of original settlement, was to be considered as property under trust and income therefrom was income from property under trust

from www.taxmann.com Latest Case Laws https://ift.tt/2CJz2aa

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...